Bearish reversal off overlap resistance?The Cable (GBP/USD) is rising towards the pivot which is an overlap resistance and could reverse to the 1st support.
Pivot: 1.3417
1st Support: 1.3102
1st Resistance: 1.3637
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GBPUSD trade ideas
GBPUSD - bottom out pattern going on? What's next??#GBPUSD - perfect move as per our last couple of ideas regarding #GBPUSD
and now in current situation we have 1.3220 as immediate supporting and below that 1.3140
If market holds that supporting areas then we can expect further bounce towards 1.3500 and after that 1.3700 , 1.3900 n upto 1.4200
So stay sharp and don't be lazy here..
Good luck
Trade wisley
GBPUSD Happy Easter Traders! 4/20 6:33pm. I’m currently holding a sell position on GBP/USD at 1.32480, and despite price climbing to 1.32942, I see several technical and fundamental factors that support my trade idea.
Fundamental Perspective
Looking ahead, this week presents major economic events that could drive volatility in GBP/USD.
UK PMI (April 23): Manufacturing PMI is expected to drop to 44.1, while Services PMI may soften to 51.0—both indicators suggest economic slowdown, potentially putting downward pressure on GBP.
US Durable Goods (April 24): Forecasts show mixed numbers—headline durable goods is projected at +1.8%, but ex-transportation and ex-defense figures are negative, meaning uncertainty surrounding USD demand.
UK Retail Sales (April 25): The monthly figure is expected at -0.3%, signaling weaker consumer spending. This aligns with my sell bias, as deteriorating UK economic conditions could contribute to pound weakness.
If the UK data disappoints while US figures remain mixed or slightly stronger, GBP/USD could face renewed selling pressure, validating my position.
Technical Analysis - Historical & Indicator Confirmation
Looking at the daily chart, there’s strong alignment between price action and indicator readings that suggest a potential reversal:
Resistance Holding at 1.330–1.331:
The Stochastic at 74.88 suggests GBP/USD is nearing overbought conditions.
The Williams %R at -22.24 reinforces the idea that price is pushing into exhaustion territory.
Support Structure (Where Downside Pressure Could Build):
Immediate Support at 1.326–1.327: Previous lows from April 20 confirm this zone as a critical level for sellers.
Secondary Support at 1.321: Multiple recent price reactions suggest this area could serve as a strong downside target.
Deeper Support at 1.316–1.318: If bearish momentum strengthens, this area represents a key swing low.
Additionally, while price is pushing higher in the short term, it’s trading well above long-term daily EMAs, suggesting the rally is a temporary overextension rather than a sustained breakout. If GBP/USD fails to break above 1.330–1.331, momentum could shift in favor of my sell trade.
Trade Management & Outlook
Despite the recent push higher, I remain confident in my sell position as long as GBP/USD does not break and hold above 1.330–1.331. If price starts rejecting this level, the next downside target could be 1.326, followed by 1.321, where I’d consider taking partial profits.
With fundamental catalysts ahead, volatility will likely increase. If bullish momentum persists beyond 1.331, I may need to re-evaluate my position, but until that happens, my trade setup remains valid.
Final Thoughts
My sell at 1.32480 is built on strong reasoning—key fundamental risks, extended technical levels, and a solid structure of resistance all favor a potential reversal. If sellers step in soon, I’ll have the opportunity to secure profits on a well-planned move. Now, it’s a waiting game to see how price reacts to resistance and upcoming data.
Bearish reversal off overlap resistance?GBP?USD is rising towards the resistance level which is an overlap resistance that lines up with the 61.6% Fibonacci projection and the 127.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 1.3376
Why we like it:
There is an overlap resistance level that lines up with the 127.2% Fibonacci extension and the 61.8% Fibonacci projection.
Stop loss: 1.3646
Why we like it:
There is a pullback resistance level that is slightly above the 78.6% Fibonacci projection.
Tale profit: 1.3105
Why we like it:
There is a pullback support level.
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GBP/USD MAY SEE A PUSH TO THE DOWN SIDE. The first quarter 0f 2025 was marked with a long ride to the upside for the GBP/USD market.
As the second quarter approaches we might see a change in the market character, as the market as reached an Order Block in the weekly Time frame.
I predict the market should dropped to 1.26000 region.
Stop Loss : 1.33040
Take Profit : 1.26000
That is over 700pips to the downside
GBP/USD upcoming shorts from 1.33600 back down to demandMy focus this week for GU is around a key daily supply zone that price is currently approaching. As we near this level, I expect price to slow down and begin distributing, potentially leading to a deeper retracement. I anticipate the short setup to form around Tuesday, depending on how price reacts.
If price does retrace, I’ll be watching the 2-hour and 17-hour demand zones, where we could see a bullish reaction and a potential rally from those levels. Since GU has been overall bullish, this would be a counter-trend short, followed by a possible continuation to the upside.
Confluences for GBP/USD Shorts:
- Price is overbought, indicating a potential correction to clear liquidity and fill imbalances.
- Plenty of downside liquidity and imbalances that price could target.
- Approaching a strong daily supply zone, which could act as a key reversal point.
- Unmitigated demand zones below, which may need to be tapped before price continues higher.
P.S. If price doesn’t reach the daily supply zone, I’ll remain patient and look for a buy opportunity to ride price up toward that supply level.
Wishing everyone a great trading week ahead!
GBP Holds the Upper Hand Amid Economic RealismThe British economy has taken a bold and proactive stance by acknowledging the reality of a looming recession earlier than most other major economies. While many nations continue to downplay or delay recognition of economic slowdown, the UK’s honest and strategic approach positions the pound for relative strength in the near term.
🇬🇧 Why This Matters for GBPUSD
Proactive Policy Making: By admitting economic challenges early and beginning to address them, the UK has earned credibility in global markets. This forward-thinking strategy often leads to greater investor confidence.
Currency Strength Through Stability: While other currencies are facing late-cycle policy adjustments and ongoing uncertainty, the GBP is likely to benefit from this perception of stability and transparency.
Comparative Resilience: Against a backdrop of monetary hesitation elsewhere, the pound could continue to outperform—especially as traders and institutions reward clarity and decisive leadership.
💡 What Traders Should Watch
If the UK’s measured steps toward economic recovery continue while others stall or scramble, GBPUSD may show strength, particularly in risk-off periods where relative macroeconomic discipline becomes a key asset. Still, always trade with a plan—use structure, confirmation, and adapt quickly if conditions shift.
Remember: being early is sometimes the most underrated form of being right.
GBPUSD | Blue Boxes Mark Solid Support Zones
Following the recent strength in GBP due to the UK’s proactive economic stance, it's crucial to keep an eye on the blue boxes highlighted on the chart. These levels have acted as key support zones during recent price action, and they could continue to offer high-probability opportunities if retested.
🔵 Why These Zones Matter:
Price Memory: These areas have previously been defended by buyers, indicating strong institutional interest. If the market revisits them, it’s very likely we’ll see some kind of reaction.
Strategic Patience: Entering trades around support zones requires confirmation. Look for reversal patterns or LTF bullish signs before committing. These setups are where smart money often steps in.
Risk-Managed Entries: Waiting for price to come to you around these levels can offer great R:R trades while keeping your downside limited.
📌 The Bigger Picture:
Combine this technical structure with the UK’s relatively more realistic economic outlook, and you get a compelling setup. While other currencies may still be adjusting, GBP could remain strong—especially if these support zones continue to hold.
In uncertain macro times, solid support plus good fundamentals can make all the difference. Patience pays off, especially at these critical zones.
📌I keep my charts clean and simple because I believe clarity leads to better decisions.
📌My approach is built on years of experience and a solid track record. I don’t claim to know it all but I’m confident in my ability to spot high-probability setups.
📌If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge.
🔑I have a long list of my proven technique below:
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📈 BTCUSDT.P: Two Key Demand Zones
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🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
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🐳 QKCUSDT: Sniper Entry +%57 Reaction
📊 BTC.D: Retest of Key Area Highly Likely
📊 XNOUSDT %80 Reaction with a Simple Blue Box!
📊 BELUSDT Amazing %120 Reaction!
I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
Weekly Analysis for GBP/USD Weekly Analysis for GBP/USD
🔍 Technical Outlook by Shaker Trading
✅ Reasons for the Bullish Outlook:
Upward Price Channel (Weekly Chart):
The pair is moving inside a strong ascending channel, confirming a longer-term bullish trend.
Strong Bullish Momentum:
Price action is showing clear bullish strength, with higher highs and higher lows.
Fresh Demand Zones Identified:
Multiple demand zones have formed, offering strong support areas for potential buy setups.
📌 Trading Idea:
We expect a correction from current levels toward one of the nearby demand zones, followed by a bullish continuation.
The area around 1.2700–1.2800 could offer ideal buy opportunities for swing traders aiming for higher targets.
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GBPUSD - Tariffs Are Great For The United KingdomYou'd think that with all the tariffs being imposed on different countries, including the UK, the currency market would take a freefall....
So we all thought... Since the beginning of January 2025, Cable has been on a raging rally, gaining close to 10% if you were holding sterling in comparison to the US dollar.
With the 90 days hold on tariffs in full swing, will cables sentiment change in the near term?
GBPUSD 4HRSCentral Bank Heads and Policy Influence
Bank of England (BoE) – Governor Andrew Bailey
Policy Stance: Andrew Bailey has emphasized caution on rate cuts, noting that UK inflation pressures are falling only gradually. The BoE has kept its main rate at 4.5% and signaled that it needs more evidence before easing policy. However, market expectations are shifting, with investors now pricing in two rate cuts in 2024 and a 50/50 chance of a first cut as early as June or August.
Impact: The BoE’s cautious approach has supported GBP recently, but dovish signals and the likelihood of rate cuts later in 2025 are weighing on the pound’s medium-term outlook. Bailey’s leadership is seen as steady but data-dependent, and his upcoming role as Chair of the Financial Stability Board may enhance his international influence.
US Federal Reserve – Chair Jerome Powell
Policy Stance: Jerome Powell has reiterated the need for patience and caution before making any changes to US rates, stressing the importance of more clarity on economic and inflation trends. The Fed’s benchmark rate remains at 4.25%–4.50%, and Powell’s recent comments suggest the Fed is in no rush to cut, especially with inflation still above target and new uncertainties from US tariff policies.
Political Pressure: President Trump has publicly criticized Powell for not cutting rates and has threatened his removal, but Powell remains committed to his term and the Fed’s independence. This political tension adds uncertainty but, for now, the Fed’s stance remains steady and data-driven.
Impact: The Fed’s reluctance to cut rates supports the dollar, especially as the BoE moves closer to easing. This policy divergence is a key factor in the current and expected bias for GBP/USD.
Summary Table: Central Bank Influence on GBP/USD
Central Bank Head Current Stance Expected Policy Move Impact on GBP/USD Directional Bias
Andrew Bailey (BoE) Cautious, data-driven Rate cuts likely in 2024 Weighs on GBP medium-term, limits upside
Jerome Powell (Fed) Patient, hawkish-leaning Rate cuts delayed Supports USD, adds downside risk to GBP/USD
Conclusion
Near-term: GBP/USD retains a bullish bias above supplyroof , but the upside may be capped as markets anticipate BoE rate cuts while the Fed remains on hold.
Medium-term: Policy divergence—BoE turning dovish and Fed staying cautious—suggests a bearish tilt for GBP/USD as 2025 progresses, unless US economic data weakens sharply or the Fed pivots sooner than expected.
Central Bank Heads: The leadership and communication styles of Andrew Bailey and Jerome Powell are central to market expectations, with Bailey’s caution and Powell’s patience both shaping the pair’s directional bias.
#SHVAYFXHUB
GBPUSDCentral Bank Heads and Policy Influence
Bank of England (BoE) – Governor Andrew Bailey
Policy Stance: Andrew Bailey has emphasized caution on rate cuts, noting that UK inflation pressures are falling only gradually. The BoE has kept its main rate at 4.5% and signaled that it needs more evidence before easing policy. However, market expectations are shifting, with investors now pricing in two rate cuts in 2024 and a 50/50 chance of a first cut as early as June or August.
Impact: The BoE’s cautious approach has supported GBP recently, but dovish signals and the likelihood of rate cuts later in 2025 are weighing on the pound’s medium-term outlook. Bailey’s leadership is seen as steady but data-dependent, and his upcoming role as Chair of the Financial Stability Board may enhance his international influence.
US Federal Reserve – Chair Jerome Powell
Policy Stance: Jerome Powell has reiterated the need for patience and caution before making any changes to US rates, stressing the importance of more clarity on economic and inflation trends. The Fed’s benchmark rate remains at 4.25%–4.50%, and Powell’s recent comments suggest the Fed is in no rush to cut, especially with inflation still above target and new uncertainties from US tariff policies.
Political Pressure: President Trump has publicly criticized Powell for not cutting rates and has threatened his removal, but Powell remains committed to his term and the Fed’s independence. This political tension adds uncertainty but, for now, the Fed’s stance remains steady and data-driven.
Impact: The Fed’s reluctance to cut rates supports the dollar, especially as the BoE moves closer to easing. This policy divergence is a key factor in the current and expected bias for GBP/USD.
Summary Table: Central Bank Influence on GBP/USD
Central Bank Head Current Stance Expected Policy Move Impact on GBP/USD Directional Bias
Andrew Bailey (BoE) Cautious, data-driven Rate cuts likely in 2024 Weighs on GBP medium-term, limits upside
Jerome Powell (Fed) Patient, hawkish-leaning Rate cuts delayed Supports USD, adds downside risk to GBP/USD
Conclusion
Near-term: GBP/USD retains a bullish bias above supplyroof , but the upside may be capped as markets anticipate BoE rate cuts while the Fed remains on hold.
Medium-term: Policy divergence—BoE turning dovish and Fed staying cautious—suggests a bearish tilt for GBP/USD as 2025 progresses, unless US economic data weakens sharply or the Fed pivots sooner than expected.
Central Bank Heads: The leadership and communication styles of Andrew Bailey and Jerome Powell are central to market expectations, with Bailey’s caution and Powell’s patience both shaping the pair’s directional bias.
GBPUSD Under Pressure! SELL!
My dear friends,
GBPUSD looks like it will make a good move, and here are the details:
The market is trading on 1.3266 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.3106
Recommended Stop Loss - 1.3336
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
GBPUSD Discretionary Analysis: Bounce at 1.33Hello traders.
On GBPUSD, I'm watching this 1.33 zone closely. It's where I'll be looking for a reaction. It can be a solid bounce spot if it shows signs.
Discretionary Trading: Where Experience Becomes the Edge
Discretionary trading is all about making decisions based on what you see, what you feel, and what you've learned through experience. Unlike systematic strategies that rely on fixed rules or algorithms, discretionary traders use their judgment to read the market in real time. It's a skill that can't be rushed, because it's built on screen time, pattern recognition, and the ability to stay calm under pressure.
There's no shortcut here. You need to see enough market conditions, wins, and losses to build that intuition—the kind that tells you when to pull the trigger or sit on your hands. Charts might look the same, but context changes everything, and that's something only experience can teach you.
At the end of the day, discretionary trading is an art, refined over time, sharpened through mistakes, and driven by instinct. It's not for everyone, but for those who've put in the work, it can be a powerful way to trade.
Anybody in for a reversal with me?Well, starting with the downtrend structure we had from the 1.34xx seems broken. Apparently, our beloved cable had to take all those early bulls out before it could go back reclaiming money it left at supply.
There are multiple evidences why I think we should be buying GBPUSD. Amongst the most prominent ones, we have:
1- Price being protected (twice) at the demand area
2- BOE held the rates, it does not mean UK is doing great at other variables such as inflation, trade balance, debt, job market etc., it just means they plan to maintain the burden on businesses and public with relatively higher mark ups on public lending. It might be a double edged sword but that is pretty much how capitalist economies maintain and control their inflation rates.
3- Market has not claimed the liquidity at marked supply area ever since it started dropping, so this might be a good start
4- This one might not have matured just yet, but it is diverging bullish here
This is my idea for adding small long positions starting Monday post intraday pullback, if you think I might be wrong, please let me know in the comments with proper reasoning. (saying because I need a reason to reconsider which I might be unable to see lol)
Cheers!